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UPPER MULGRAVE ROAD FREEHOLD LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 25TH DECEMBER 2023






UPPER MULGRAVE ROAD FREEHOLD LIMITED (REGISTERED NUMBER: 03768628)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 25TH DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UPPER MULGRAVE ROAD FREEHOLD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 25TH DECEMBER 2023







DIRECTORS: Mrs L Barber
Miss L Kuzuk





REGISTERED OFFICE: 2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ





REGISTERED NUMBER: 03768628 (England and Wales)





ACCOUNTANTS: Halsey & Co (Accountants) Ltd.
Chartered Certified Accountants
Registered Auditors
2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ

UPPER MULGRAVE ROAD FREEHOLD LIMITED (REGISTERED NUMBER: 03768628)

BALANCE SHEET
25TH DECEMBER 2023

25.12.23 25.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,214,444 11,210,904

CURRENT ASSETS
Debtors 5 165 60
Cash at bank 46,592 21,242
46,757 21,302
CREDITORS
Amounts falling due within one year 6 2,309 2,144
NET CURRENT ASSETS 44,448 19,158
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,258,892

11,230,062

PROVISIONS FOR LIABILITIES 7 2,108,408 2,107,734
NET ASSETS 9,150,484 9,122,328

CAPITAL AND RESERVES
Called up share capital 78 77
Share premium 8 221,822 186,323
Fair value reserve 8 8,982,900 8,982,900
Retained earnings 8 (54,316 ) (46,972 )
SHAREHOLDERS' FUNDS 9,150,484 9,122,328

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 25th December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 25th December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

UPPER MULGRAVE ROAD FREEHOLD LIMITED (REGISTERED NUMBER: 03768628)

BALANCE SHEET - continued
25TH DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th February 2024 and were signed on its behalf by:





Mrs L Barber - Director


UPPER MULGRAVE ROAD FREEHOLD LIMITED (REGISTERED NUMBER: 03768628)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 25TH DECEMBER 2023

1. STATUTORY INFORMATION

Upper Mulgrave Road Freehold Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Improvements to property - 10% on cost

Investment property is revalued and fair value adjustments realised as gains in the year in a separately identifiable reserve.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

UPPER MULGRAVE ROAD FREEHOLD LIMITED (REGISTERED NUMBER: 03768628)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 25TH DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to
property property Totals
£    £    £   
COST OR VALUATION
At 26th December 2022 11,200,000 71,218 11,271,218
Additions - 7,650 7,650
At 25th December 2023 11,200,000 78,868 11,278,868
DEPRECIATION
At 26th December 2022 - 60,314 60,314
Charge for year - 4,110 4,110
At 25th December 2023 - 64,424 64,424
NET BOOK VALUE
At 25th December 2023 11,200,000 14,444 11,214,444
At 25th December 2022 11,200,000 10,904 11,210,904

Cost or valuation at 25th December 2023 is represented by:

Improvements
Freehold to
property property Totals
£    £    £   
Valuation in 2017 11,200,000 71,218 11,271,218
Valuation in 2023 - 7,650 7,650
11,200,000 78,868 11,278,868

The freehold property was revalued by the directors.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
25.12.23 25.12.22
£    £   
Prepayments 165 60

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
25.12.23 25.12.22
£    £   
Amounts owed to associates 1,160 1,076
Tax 69 -
Other creditors 1,080 1,068
2,309 2,144

7. PROVISIONS FOR LIABILITIES
25.12.23 25.12.22
£    £   
Deferred tax 2,108,408 2,107,734

UPPER MULGRAVE ROAD FREEHOLD LIMITED (REGISTERED NUMBER: 03768628)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 25TH DECEMBER 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 26th December 2022 2,107,734
Provided during year 674
Deferred tax on revaluations
Balance at 25th December 2023 2,108,408

8. RESERVES
Fair
Retained Share value
earnings premium reserve Totals
£    £    £    £   

At 26th December 2022 (46,972 ) 186,323 8,982,900 9,122,251
Deficit for the year (7,344 ) (7,344 )
Cash share issue - 35,499 - 35,499
At 25th December 2023 (54,316 ) 221,822 8,982,900 9,150,406

In order to identify distributable/working reserves, the directors have ring fenced fair value movements in a separate non-distributable reserve.